Relativity Media Secures Credit for Universal Films

Relativity Media Secures Credit for Universal Films

Relativity Media, through its subsidiary Beverly 2, has procured a senior secured revolving credit facility for up to $300 million. The money will be used to fund the films that Relativity is financing for its deal with Universal Pictures, in which Relativity co-finances 75 percent of the Universal slate. That deal will end in 2015 and has been running for four years already. The deal was brokered through Comerica Bank and Union Bank. [Bryce J Renninger]